3 ms·
This makes it sound as if wealth is being taken from the unfortunate and given to the fortunate. But the unfortunate are going to be at/below the line regardles
by randerson 4y ago
This makes it sound as if wealth is being taken from the unfortunate and given to the fortunate. But the unfortunate are going to be at/below the line regardless, even if the fortunate all decide not to profit off the event. On the other hand, if some people get to profit (responsibly, in a way that doesn't make anyone else worse off), that seems like a net gain.
- MisterSandman 4y agoQuite literally, no. We're literally seeing rich energy companies profit off of the energy crisis by increasing prices more than they need to. Salaries for their CEOs are at all time highs.
- randerson 4y agoOK, but my point is it's possible to be a responsible investor. My example was bonds. The US helped the poor with stimulus checks when COVID hit. Where did the money come from? They issued bonds. Same deal with the Ukraine aid. Meanwhile I'm buying treasury bonds which I'll profit off. Please tell me who is getting screwed here.